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14 December 2024 | 6 replies
My understanding is the key is to keep separate bank accounts and financial transactions.
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10 December 2024 | 4 replies
You can do a subject to transaction but that is not legally assuming the loan.the banks got rid of assumable mortgage long time ago.
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13 December 2024 | 16 replies
You can get the cashier's check and do any other banking transactions from the convenience of your home office or mobile device without ever going to the branch with any of these banks.
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17 December 2024 | 42 replies
If a bank sells a note to Dion at 87K, they know he's in the business of selling, he sells for 95K to someone else, that is an arm's length transaction, the borrower had nothing to do with it.
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13 December 2024 | 6 replies
The gist of it is that when you dispose of your entire interest in a passive activity in a fully taxable (as opposed to a tax-deferred) transaction to a non-related party, i.e., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.
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10 December 2024 | 5 replies
Tips or tricks that would help make transactions go smoother.
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11 December 2024 | 2 replies
If this is how it works, do I ever go through the title company like I would in a normal wholesale transaction?
12 December 2024 | 4 replies
The location you're referencing will likely require substantial rehab capital.There may be some out of state investor who hears NC and throws their money at a portfolio, but this feels like it'd need to be cash transaction.
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13 December 2024 | 1 reply
Don't know about anyone else, but I feel like my personal daily battle is between doing what is urgent and fuels my raging undiagnosed ADHD, or what is actually important.I've done a ton of work on this over the past almost 4 years, and still am nowhere that I think I need to be, but I'm at least getting to a level of awareness I don't think I ever had before and that is a win in my book.
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10 December 2024 | 17 replies
My go to for lowest hassles, taxes and transaction costs are Lease Options or selling directly to the renters.